Banco Santander Current Affairs, GK & News

Moody’s cut credit outlook of 28 Spanish banks

Global ratings agency Moody’s downgraded the credit ratings of 28 Spainish banks a week after Spain asked for money to aid them. As per the Moody’s Spain’s declined creditworthiness means a fragile credit profile for Spanish banks. Among those who have been downgraded is Banco Santander. Its long-term rating has been slashed to BAA 2 ..

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